For the first time ever, a 400-troy-ounce gold bar has surpassed the $1 million mark, with the spot price of gold reaching $2,563 per ounce ¹. This remarkable achievement is attributed to various factors, including:
- Geopolitical risks: Global tensions and uncertainties drive investors to seek safe-haven assets like gold.
- Inflation insurance: Gold's value tends to rise with inflation, making it an attractive hedge against economic instability.
- Interest rate prospects: The likelihood of lower interest rates decreases, increasing gold's appeal.
JPMorgan researchers predict gold will average $2,600 per ounce by the end of 2025, indicating a potential further increase in gold bar value ¹.
This milestone highlights gold's enduring appeal as a store of value and safe-haven asset. As investors seek protection against economic uncertainty, gold's value continues to shine.